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schepotkina [342]
3 years ago
14

A man invests $17,000 in two accounts.one account earns 5% interest per year,and the other earns 6.5%. If the total interest aft

er one year is $970,how much did he invest at each rate?
Mathematics
1 answer:
uranmaximum [27]3 years ago
4 0
Let x = the amount invested a 5% and 17,000 - x = the amount invested at 6.5%. Now you can write the equation: 
<span>0.05x + [0.065 (17,000 - x)] = 970 </span>
<span>Solve for x to get the amount invested at 5% and 17,000 - x will = the amount invested at 6.5% </span>
<span>x = 9,000 </span>
<span>17,000 - 9,000 = 8,000</span>
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